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Conclusion

In conclusion, I can say that although the pros outweigh the cons, but I stick to not positive attitude towards Greece.

The arguments we have presented in the essay, would indicate that being in the Eurozone for Greece is a generous gift of destiny; especially it was demonstrated by the example of horrific situation taking place in Greece over a period of three years, where Greece took occasion and accepts all suggested help. The same things we can say about International Monetary Fund.

From these listed arguments one must conclude that all members of concerned association have peer rights and obligations and could expect a mutually beneficial help or maybe financial backing from each other, if they need it. I think that International organizations discharge its obligations to the full extent, it was indicated above.

Setting the results against those of the last years, we can see a clear improvement in Greece and of this was changed under the beneficial effect on it. To a certain extent the positive influence was taken as a result of invaluable backing from the direction of IMF and the EU. These two organizations serve their decisive purpose grant to countries asylum and aid in hard times. I think that it is a good idea to help all destitute countries independence from its status of close friend or natural enemy, using different tools of impact, but in the end the excessive guardianship and assistance at the first opportunity can cause the serious damage not only victims, but also a tutelary part.

References

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Carpenter, M. and Dunung, S.P. (2011). International Business. Washington: Flat World Knowledge. [Online]. Available at: http://catalog.flatworldknowledge.com/ (Accessed: 5 November 2013)

Chu, H. and Carassava. (2011). Greek Prime Minister George Papandreou offers to resign as austerity protests swell. Los Angeles Times, 11 June. [Online] Available at: http://articles.latimes.com/2011/jun/16/world/la-fg-greece-protests-20110616 (Accessed: 5 November 2013)

Cyprysnewsreport. (2011). Samaras' Dilemma - 8 Billion Euros or Greek Pride. Available at: http://www.cyprusnewsreport.com/?q=node/4930 (Accessed: 9 November 2013)

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European Commission. (2012a). The EU as a borrower. Available at: http://ec.europa.eu/economy_finance/eu_borrower/index_en.htm (Accessed: 7 November 2013)

European Commission. (2012b). EU response to the crisis. Available at: http://ec.europa.eu/economy_finance/crisis/index_en.htm (Accessed: 7 November 2013)

GeorgeSoros.com . (2010). The Crisis and the Euro. Available at: http://www.georgesoros.com/articles-essays/entry/the_crisis_and_the_euro (Accessed: 7 November 2013)

International Monetary Fund. (2013). IMF Members' Quotas and Voting Power, and IMF Board of Governors. Available at: http://www.imf.org/external/np/sec/memdir/members.aspx (Accessed: 6 November 2013)

Keep talking Greece. (2013). Greek Parliament Budget Office: “Debt Restructuring is one-way street” Available at: http://www.keeptalkinggreece.com/2013/10/09/greek-parliament-budget-office-debt-restructuring-is-one-way-street/ (Accessed: 9 November 2013)

Miller, J. and Sciacchitano, K. (2013).Why the United States Is Not Greece? [Online]. Available at: http://www.dollarsandsense.org/archives/2012/0112millersciacchitano.html (Accessed: 8 November 2013)

Reuters. (2012). Exclusive: Greece will need more debt restructuring - EU officials.Available at: http://uk.reuters.com/article/2012/07/24/uk-eurozone-greece-idUKBRE86N11E20120724 (Accessed: 5 November 2013)

The Telegraph. (2011). Geroge Soros blames officials as Greek crisis escalates. Available at: http://www.telegraph.co.uk/finance/economics/8575905/Geroge-Soros-blames-officials-as-Greek-crisis-escalates.html (Accessed: 9 November 2013)

Time Business&Money. (2013). Want to Double Your Savings? Try Lending to Greece Mid-Crisis. Available at: http://business.time.com/2013/10/28/want-to-double-your-savings-try-lending-to-greece-mid-crisis/ (Accessed: 5 November 2013)

van der Veen, M. (2013). Greece and the Crisis of Europe: Which Way Out? [Online]. Available at: http://www.dollarsandsense.org/archives/2013/0513vanderveen.html (Accessed: 7 November 2013)

Yahoo News. (2013). EU rejects IMF criticism on handling Greek crisis. Available at: http://news.yahoo.com/eu-rejects-imf-criticism-handling-greek-crisis-111421179.html (Accessed: 5 November 2013)

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